Espresso shot of the day – Zee Entertainment Enterprises Ltd up by 39.99 percent

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Espresso shot of the day – Zee Entertainment Enterprises Ltd up by 39.99 percent

September 14, 2021
Espresso shot of the day – Zee Entertainment Enterprises Ltd up by 39.99 percent

ZEE ENTERTAINMENT ENTERPRISES LTD 261.50 (+39.99%) BSE – INE256A01028 | 14TH SEPTEMBER 2021


From giving India its first private satellite TV channel in 1992 to reaching 1.3 billion viewers around the world through linear and digital platforms, ZEE, today, is the global entertainment go-to, with an integrated team creating and serving extraordinary content. Together with their audiences, their people, their artists, their partners and other stakeholders, they give shape to ideas across different platforms. Ideas that dare to be bigger, bolder and better each time; which capture the journey of the human soul; which seek to turn the base metal of life into gold; which make entertainment extraordinary.

Recent Drivers

  • On Sept 13, 2021, Zee Entertainment's largest shareholders, Invesco Developing Markets Fund and OFI Global China Fund LLC, which together hold 17.88 % of the total paid-up share capital of the company, in a letter, called an extraordinary general meeting (EGM) seeking removal of Goenka, Manish Chokhani and Ashok Kurien as directors of the firm, the company said in a regulatory filing. The two funds have sought to appoint 6 new independent directors, the filing added. The proposed directors are Surendra Singh Sirohi, Naina Krishna Murthy, Rohan Dhamija, Aruna Sharma, Srinivasa Rao Addepalli and Gaurav Mehta.
  • On Aug 10, 2021, the company reported quarterly net profit at Rs 213.74 crores in June 2021, up 603.79% from Rs 30.37 crores in June 2020.
  • On Aug 10, 2021, the company reported net sales of Rs 1,774.98 crores in June 2021, up 35.29% from Rs 1,312.03 crores in June 2020.
  • On July 21, 2021, Zee said it would onboard over 500 techies with expertise in design, technology, data and cybersecurity.
  • On July 13, 2021, Zee announced that it has received approval for the transfer of the digital publishing business division to Rapidcube Technologies, from Ministry of Information & Broadcasting as well as the Department for Promotion of Industry and Internal Trade.
  • On June 21, 2021, Viacom18 Media Pvt. Ltd, the owner of the Colors general entertainment channel, and Zee were in initial talks for a potential merger that could create a large media firm with interests spanning broadcast, OTT, live entertainment and movie production.
(Sources: Moneycontrol, The Hindu, Brand Equity from the Economic Times, Hindustan Times)


Technical Force*

  • S&P BSE 100 month till date gain up by 0.26%
  • Traded on new 52 week high value 270.85
  • Spurt in volume by more than 13.11 times compared to previous vol. | 3 months avg. volume: 5,42,201
  • Quantity traded: 63,63,704 | Deliverable quantity: 15,19,348 (23.88%)
  • Stock price has jumped more than 60% from one-year-low level: 166.8 (Aug 23, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 270.85 | 52-week-low: 166.8

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 503.48

403.72

313.53

213.77

123.58

23.82

-

    -

Fibonacci Pivot

403.72

331.16

286.33

257.46

213.77

170.08

141.21

96.38

23.82


Today’s Close

261.50

SMA

BSE

10 DAY

186.08

20 DAY

179.58

50 DAY

194.41

200 DAY

206.33


Some Key Ratios (Source: BSE)

Market Cap: 25,117.49 crores

PE: 18.06

OPM%: 27.75

ROE%: 15.9

Promoters holding%: 3.99

Prev. Close: 186.8

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.